Oil and gas audit consortium said to be compiling response to GRA

The consortium of Ramdihal, Haynes, Vitality Consulting, and Eclisar Financial & Professional (RHVE), which conducted the US$7.3 billion cost audit on Esso Exploration & Production Guyana Limited (EEPGL) for 2018-2020 has been sent comments by the Guyana Revenue Authority (GRA) on the findings and is in the stages of responding, according to sources.

RHVE is currently working with the external auditors it had partnered with and is preparing responses, this newspaper understands.

This month also marks three years since the completion by IHS Markit of the first audit of expenses claimed by ExxonMobil and its partners for the period 1999 to 2017, which found that Guyana was owed US$107.2 million, half of the US$214.4 million disputed expenses.